NIFRA: Biggest IPO of Nepal in history

3 years ago

NIFRA: Biggest IPO of Nepal in history

Infrastructure Bank Limited's IPO has opened the largest number of ordinary shares in the history of Nepal's stock market.

The country's first infrastructure bank has started the sale of 80 million lots of shares worth Rs 8 billion from today. Out of 80 million, 160,000 is allocated for employees and 400,000 is allocated for mutual funds.

The remaining 75.84 million ordinary shares have been opened for the general public. NIBLS Capitals has been entrusted with the management of the issue and sale of shares of this bank.

The general public can apply for 10 to 20 million allotments. The application deadline is January 20. If the application is not received within the stipulated period, the time will be extended again. 

The ordinary shares of this bank will be received by all those who fill IPO.

Even if everyone who has a demat account apply for IPO, it is certain that 30 units share will be allotted to everyone. The bank's ordinary shares are also likely to set a record if a large number of applications are received.

If you got enough money, it seems appropriate to apply for more than 50 units or more.